I think I will be looking at the 111.30 fake print first, and might take some profits, then let the rest ride the wave down to 105.00 or so. We'll see? It might fall too fast, and blow right through 111.30?
Join the crowd. Options are high risks. I can be down 50% one down (like today) and up 100% the next day. Wild swings, and wild profits… and losses.
The charts still tell me we are heading back down. The dollar hasn't moved hardly any from yesterday's closing price. Oil has been falling since it put in it's high around 11 am.
This rally won't last. All the signs show it falling back down within a few days. I'm staying short.
mine too. Red, I don't know how to provide a link to the SPY at my Ameritrade account but just look at the 6 month chart of SPY on Ameritrade and put in the 10 and 50 day moving average. If this is the ritual day (like Jan 19th), then we have to go down hard tomorrow.
I think 105 is in the bag. Might have to wait a week for it, though. Selling the puts around 111.3 is a good idea. Try to hit the panic premium.
that would be nice
I think I will be looking at the 111.30 fake print first, and might take some profits, then let the rest ride the wave down to 105.00 or so. We'll see? It might fall too fast, and blow right through 111.30?
We have to make it past the 3pm crowd, but they are generally adults.
The serious money is in SDS, which held up very well, and I have a bunch of puts. They were pretty cheap, hard to resist. I got some at 1170.
The market is a fickle mistress. I'll be glad when it really breaks down and I only have to decide on my cover point.
And oil is really tanking now… plus the market. I knew it wouldn't last.
also gold is gaining
Join the crowd. Options are high risks. I can be down 50% one down (like today) and up 100% the next day. Wild swings, and wild profits… and losses.
The charts still tell me we are heading back down. The dollar hasn't moved hardly any from yesterday's closing price. Oil has been falling since it put in it's high around 11 am.
This rally won't last. All the signs show it falling back down within a few days. I'm staying short.
Notice also that oil has turned over
mine too. Red, I don't know how to provide a link to the SPY at my Ameritrade account but just look at the 6 month chart of SPY on Ameritrade and put in the 10 and 50 day moving average. If this is the ritual day (like Jan 19th), then we have to go down hard tomorrow.